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Personal Finance / Re: DEBT
« Last post by king on Yesterday at 02:10:10 PM »

Friday, 18 August 2017 | MYT 1:44 PM
Malaysia's external debt lower in Q2 at RM877b



KUALA LUMPUR: Malaysia’s external debt declined to RM877.5bil at end-June 2017 from  end-March as the ringgit firmed up against selected major and regional currencies and also due to net repayment of interbank borrowings during the second quarter.

Bank Negara Malaysia (BNM) said on Friday the external debt of RM877.5bil was equivalent to US$202.3bil or 66.9% of GDP as at end-June 2017.

This was an improvement from end-March 2017's RM897bil (US$200.8bil).

“The lower external debt largely reflects the valuation effects following the strengthening of the ringgit against selected major and regional currencies and net repayment of interbank borrowing during the second quarter.

“There were also net repayment of intercompany loans and redemption of maturing bond and notes by the private sector. These declines were partly offset by an increase in non-resident holdings of domestic debt securities, especially Malaysian Government Securities (MGS), and a small increase in non-resident deposits,” it said.

BNM said Malaysia’s external debt remains manageable given its currency and maturity profiles, as well as the availability of large external assets.

“About one-third of total external debt is denominated in ringgit (32.8%), mainly in the form of NR (non resident) holdings of domestic debt securities and ringgit deposits in domestic banking institutions. As such, these liabilities are not subjected to valuation changes from the fluctuations in the ringgit exchange rate.

BNM also said in Q2 2017, the financial account registered a net inflow of RM7.3bil (Q1 2017: net outflow of RM8.8bil). This was mainly due to a turnaround in the portfolio investment account (net inflow of RM16bil; Q1 2017: net outflow of RM31.9bil).
It also pointed out portfolio investment by non-residents recorded a net inflow of RM18.8 billion (Q1, 2017: net outflow of RM22.9bil), due mainly to a resumption in purchases of Malaysian Government Securities (MGS) and higher participation in the equity market.

BNM also said investor sentiments improved during the quarter, supported by the announcement of initiatives to develop the onshore financial market, stronger ringgit performance, expectations of better corporate earnings outlook and domestic growth prospects.

“Resident portfolio investment registered a lower net outflow of RM2.8bil (Q1, 2017: net outflow of RM9bil), as the continued net acquisition of equity securities abroad by domestic fund managers was partially offset by net liquidation of debt securities overseas,” it said.
Banking , Economy

Equities / Re: Spot KLCI Index
« Last post by king on Yesterday at 02:07:55 PM »

KLCI pares loss, remains above 1,770-level
Surin Murugiah

August 18, 2017 13:02 pm MYT

KUALA LUMPUR (Aug 18): The FBM KLCI pared some of its losses at the midday break and stayed on course to defend its position above the 1,770-point level.

At 12.30pm, the benchmark index was down 3.27 points to 1,773.04. The index had earlier dipped to its intra-morning low of 1,770.04.

Losers led gainers by 399 to 186, while 450 counters traded. Volume was 752.13 million shares, valued at RM618.80 million.

The top losers included SAM Engineering & Equipment Bhd, Malaysian Pacific Industries Bhd, KESM Industries Bhd, Hong Leong Industries Bhd, Malayan Flour Mills Bhd, ViTrox Corp Bhd, Petronas Chemicals Group Bhd and Fraser & Neave Holdings Bhd.

The actives included Compugates Holdings Bhd, JAG Bhd, mTouche Technology Bhd, Mlabs Systems Bhd, UMW Oil & Gas Corporation Bhd and Aemulus Holdings Bhd.

The gainers included Nestle (M) Bhd, Panasonic Manufacturing Malaysia Bhd, Hengyuan Refining Company Bhd, Aeon Credit Service (M) Bhd, Econpile Holdings Bhd and Tomei Consolidated Bhd.

Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to deliver his economic agenda, according to Reuters.

Confidence was shaken further after a van mowed through crowds of tourists in Barcelona on Thursday, killing at least 13 people and injuring more than 100 in an attack authorities are treating as Islamic terrorism, Reuters said.

Kenanga IB Research said Asian markets closed mixed, as investors digested July’s FOMC meeting minutes with concerns over the split path on a rate hike.

The research house said that on the local front, the FBM KLCI closed 2.56 points higher (up 0.14%) at 1776.31, in-line with positive market-wide sentiment as 494 gainers outpaced 332 decliners, while 400 counters traded unchanged.

It said the FBM KLCI’s technical picture improved too, as the index opened higher and traded mostly in the black during yesterday’s session.

“Likewise, yesterday’s close marks the fourth consecutive gains after last Friday’s sell off, as the market breadth continued to remain positive.

“However, momentum indicators are currently showing mixed signals, suggesting that the climb may be losing steam, and sideways consolidation could be expected.
“As such, any weakness could see the index trending towards support levels at 1,764 (S1) and 1,750 (S2),” Kenanga IB Research said.
Equities / Re: I EAT REV
« Last post by Oly Shyte on Yesterday at 02:04:15 PM »

PenguinDad special dividend already ex-dated!
18/08/2017 08:51

pygan7 yes but i have not received them. I received others via bank in, cheque etc before but for REV, i received no notification. that's why i am wondering
18/08/2017 09:27

PenguinDad Once ex-dated and price will adjusted to reflect the true value.
18/08/2017 09:31

huat888 For info, spec dividend 44 sen payment date is 28 Aug. Today is 18 Aug only.
18/08/2017 09:32

huat888 Price suddenly surges up!! Something is brewing??
18/08/2017 09:34

PenguinDad ex-dated is 14/8. Right!
18/08/2017 09:36

PenguinDad 02 Aug 2017   31 Dec 2017   14 Aug 2017   16 Aug 2017   28 Aug 2017   Special Dividend   44.0000 0.00   Malaysia Stock - Dividend
18/08/2017 09:37

PenguinDad Date: 02 Aug 2017
Financial Year   31 Dec 2017
Ex-Date   14 Aug 2017
Entitlement Date 16 Aug 2017
Payment Date 28 Aug 2017
Entitlement Type Special Dividend
Dividend (Cent) 44.0000
18/08/2017 09:42

PenguinDad DATO' GAN NYAP LIOU also selling!
18/08/2017 09:44

huat888 This Director sold all his holding on 16/8/17 at price: 0.455 and o.458
18/08/2017 09:46

PenguinDad push it up and sell it off! huat!
18/08/2017 09:49

PenguinDad Last night DJI drop 274pts and break the support level of 21,840. Be caution!
18/08/2017 09:52

hklcheng up
18/08/2017 09:55

hklcheng ready?
18/08/2017 10:16

leslieroycarter Disposed ?????
Thursday, 17 Aug 2017

5:48PM REV GAN NYAP LIOU @ GAN NYAP LIOW (4,919,992 units Disposed)
18/08/2017 10:26

alfredhan128 any idea why it goes up today given no news and only 1 possible move by director yesterday?
18/08/2017 10:40

leslieroycarter since can be traded within a year , why not selling ...or if u want to wait until delisted n no selling...that will be real troubles.
18/08/2017 10:46

PenguinDad delisted unlikely but goreng by shareholder exiting very likely.
18/08/2017 11:01

To all dividend players, payment of 44 cents per share date will be on 28th August 2017. Sometimes it might delay from your respective broking companies about 1-2 days. I'm sure it would be settled before Merdeka.  8)
« Last post by CurryLee on Yesterday at 01:11:11 PM »
pple = lottery.... going to rm8 wo.... ... same price wit cha kuei tiao here....

king suk got how many thousand lot?
« Last post by CurryLee on Yesterday at 01:08:56 PM »
faster go eat full full first....afternoon another show.....  :'( :sweat: :sweat:
pple say bitcoin going to 10000 next year! HUAT AH!!!!! even microsoft using bitcoin...betul ka?which retailer in malaysia use bitcoin?

now got new crysanthemum...going to 8000 next year.... pple say one lar....

« Last post by yeptw on Yesterday at 12:02:01 PM »
 :sweat: :sweat: :sweat: :cash: :sweat: :sweat: :sweat:

Duit!!!  Duit!!! Banyak banyak Duit!!!! Untung banyak banyak!!!!

You must be prepared to lose all your money.

Please make your own decision always. 

 :D :)
Global Markets / Re: RED FLAG
« Last post by king on Yesterday at 11:49:18 AM »

Cramer rationalizes the sell-off — and says it's not happening because of Trump
"Mad Money" host Jim Cramer reacts to Wall Street's many reasons for Thursday's sell-off.
From Washington to earnings, market-watchers have offered various explanations for the pullback.
But none of their explanations seem to be enough to drag stocks lower, Cramer says.
Elizabeth Gurdus   | @lizzygurdus
Published 5 Hours Ago  | Updated 3 Hours Ago
 Cramer: Selloff not happening because of Trump   Cramer: Selloff not happening because of Trump 
4 Hours Ago | 00:59
Jim Cramer is no stranger to August sell-offs.

"Welcome, August. Where you been?" the "Mad Money" host exclaimed on Thursday. "For as long as I've been in this business, August has been a month where we have unexplained or inexplicable, sudden sell-offs, including nasty ones like today."

As the Dow Jones Industrial average fell more than 250 points intraday, experts blamed the decline on everything from President Donald Trump's tiff with the CEOs on his now-disbanded strategic councils to the earnings report from Dow component Cisco.

So Cramer decided to go over the market's many reasons for the decline and explain his reaction to each explanation.

Trump's CEO Problem

The first was the most obvious: investors were selling because they saw Trump's rift with business leaders as an obstacle to the president's economic agenda and thus to the bull market.

"If you're selling stocks because so many CEOs are getting off the Trump train, I've got a news flash for you: you need a better reason," Cramer said. "Trump's economic agenda is stalled because Congress can't get its act together. It can't even pass a debt ceiling bill. If the executive council dismissals is what makes you want to sell, you should've gotten out months ago."

Cramer argued that while the CEOs were in favor of some of the Trump agenda's key points, like tax reform and repatriation, they were more concerned about their shareholders and backing the president's highly controversial comments about the violent protest in Charlottesville, Virginia.

But their public departures did not constitute a reason to sell, he said.

Gary Cohn

The second-most cited reason for selling has been the rumor that one of Trump's top advisors, former Goldman Sachs executive Gary Cohn, is preparing to step down from his role as head of the National Economic Council.

Cramer said that while his departure would justify investors taking profits, the White House's unequivocal denial of the rumor effectively erases any reason to sell on the reports.

"I certainly can see that Cohn's important enough to Trump's economic agenda that his leaving would really hurt the stock market," Cramer said. "But then again, the White House issued a statement saying he's not going anywhere, so it's not a particularly cogent reason to sell."


The market may have shrugged off earnings from Cisco, but Cramer said that really only justified investors are selling their shares of Cisco. The tech giant's success hinged on how shareholders viewed its execution, not because there was a lack of demand for its products, he said.

Shares of Wal-Mart also slid after the retailer reported. Cramer thought it delivered an excellent quarter, and attributed the stock's decline to the market's already-high expectations.


The fatal terrorist attack in Barcelona where a van plowed into pedestrians, killing at least a dozen and injuring more than 50, may have shaken investors, but Cramer pointed out that if markets sold off on every terror attack, they would be below zero by now.

Final Thoughts

Cramer's reason for Thursday's sell-off was simpler than what he saw on his Twitter feed.

"It's August. It's slow. It's thin. It's time for vacation. Stocks have had a big move. Why not sell some?" the "Mad Money" host said. "I bet this sell-off isn't done. It could get uglier. We're due. I also believe we'll get a bunch of sell-offs like this one over the next six weeks because that's what happens every year at this time. I've been telling you this. So, if you haven't done so already, please sell your least favorite stocks tomorrow to raise some cash so that you'll be ready to pick up your most favorites as they come down and become bargains."

And as markets recover from the second-worst day of the year for the Dow and S&P 500 indexes, Cramer asked that investors keep the "August sell-off" track record in mind.

"The calendar and these weak-handed momentum shareholders that have gone along for the ride have coalesced to produce a wave of selling," he said. "Now you have to ask yourself, will the president seize that as an excuse to deflect anyone who wants to link this decline to the White House, blame it on August? Why not? Beats blaming the CEOs who broke with the president, unless you're the kind of guy who just loves having someone to blame."
Personal Finance / Re: Bitcoin Investment Trust Could IPO by October
« Last post by king on Yesterday at 11:46:17 AM »


The Star Online


Tech NewsHome > Tech > Tech News
Friday, 18 August 2017 | MYT 8:00 AM
Forget oil, Russia goes crazy for cryptocurrency


Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow. — AFP Relaxnews
Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow. — AFP Relaxnews
Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

"The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on Internet matters.

Marinichev is one of Russia's leading crypto-businessmen at the helm of operations in this facility larger than a football pitch located in a former Soviet-era car factory, which collects virtual money on the accounts of its clients.

Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call "mining".

Mining farms like this represent a growing craze in Russia for bitcoin and other virtual currencies not backed by governments or central banks that are increasingly used for goods and services on the Internet.

The hunt for virtual currencies is accessible "to anyone who may be hardly familiar with computer science," Marinichev said. "It's no more complicated than buying a cellphone and connecting to a mobile network."

The practice has become so popular in Russia that computer stores in the country have run out of graphic and video cards developed for gamers but are used by bitcoin miners to boost the processing power of their home computers.

Marinichev this week unveiled a more sophisticated setup, inviting investors to pitch in US$100mil (RM429.9mil) to join a mining club and develop a Russian mining chip called Multiclet through his startup.

Benefit of long winters

"The explosion of virtual currency value has made mining profitable enough to make it a professional activity," said Sergei, a 29-year-old computer scientist who runs half a dozen graphics cards plugged into the electrical grid of the company where he works.

He launched his mining operation in March, when the value of bitcoin and its main competitor ethereum, created by Russian-Canadian Vitalik Buterin, reached record heights on the currency's exchange.

Since the beginning of 2017, bitcoin has quadrupled in value, surpassing US$4,000 (RM17,170) at the weekend, while ethereum experienced a rise of 4,500% to hit a record of US$374 (RM1,605) in June, later falling to US$268 (RM1,150) in August.

While the assembly of a mining operation is easy enough, it consumes a large amount of electricity, which can reach the equivalent of several households' needs.

"All my friends who were interested in Bitcoin or ethereum built their devices and plugged them into their corporate networks, and I did the same," Sergei said. "Others cut into the municipal electrical cables."

Russia has a competitive advantage as an environment for mining, as Marinichev points out in a brochure for prospective investors: electricity here costs just 1.3US cents (5.58sen)  per kilowatt hour while long winters save money on cooling systems.

Not an absolute evil

Authorities in Russia were long suspicious of virtual money but have now come to recognise it as a force. A new bill is set to be debated this autumn which aims to regulate the possession and creation of crypto currency in the country.

The legal foundation for virtual money has so far been non-existent in Russia and it is associated with illicit activities like hacking and used to purchase drugs on the dark web.

"There is now an understanding at the highest level in the country that virtual currencies are not an absolute evil but a possible good, especially for the economy," said Marinichev.

Putin in early June even held a meeting at an economic forum with Buterin, the 23-year-old creator of ethereum, who lobbied the Russian president to expand the currency's use in Russia.

Last year, Russia's largest banks tested the platform for some of their transactions. The country's central bank even pondered development of a "national virtual currency".

Though at all-time-high in August at US$116bil (RM497.9bil) , the global cryptocurrency market is still quite young, volatile and prone to speculation.

Bitcoin, for example, lost almost a third of its value between mid-June and mid-July, before gaining it back over the course of a week. Since then, it has been regularly breaking records.

"The rush to virtual money is not a fad or a fleeting phenomenon. The virtualisation of our lives is a market process that has gone on and will continue," Marinichev said.

In a sign of the times, several cafes and restaurants in Moscow this summer began to accept payments in virtual currencies. — AFP Relaxnews

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